IRS Fresh Start Program 2021 - What It Is and How To Qualify

Here we go through the IRS Fresh Start Program and cover updates for 2021.

Really it's not as special a program as some tax relief firm advertisements might make it seem, but it does make a few things simpler.

A lot of people will not need someone to set up one of the simple payment plans for them, they can just do it themselves.

I also should add that you can get a lien withdrawal for paid off debts.

The most major developments in Fresh Start are:

1) Debts $250,000 and under now can be in a payment plan without the financial data required. The payments need to cover the balance within the time period the IRS has to collect on the debt, also known as the Collection Statute Expiration Date or statute of limitations.

2) Offer on an Offer: After an Offer In Compromise is accepted, if the taxpayer can't pay the agreed-upon offer amount due to other circumstances that come up, they can submit an Offer on the Offer for less, which may be accepted but becomes up to the discretion of the IRS agent.

Resources on tax relief:

Do it yourself guide on Offer In Compromise:

https://trp.tax/tax-guide/how-to-do-your-own-offer-in-compromise/

Expiring tax debts and the Collection Statute Expiration Date:

https://trp.tax/tax-guide/csed-irs-states/

How to set up your own IRS payment plan:

https://trp.tax/tax-guide/irs-payment-plan-guide/

Free tax help guide: https://trp.tax/taxhelp/

Free consultation with a tax attorney: https://trp.tax/start/

https://trp.tax/tax-guide/irs-fresh-start-2021/